Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lessened its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,512 shares of the construction company's stock after selling 2,610 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Toll Brothers were worth $1,576,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC grew its holdings in Toll Brothers by 97.7% during the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company's stock worth $327,281,000 after acquiring an additional 1,046,758 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in Toll Brothers in the third quarter valued at $111,562,000. Pacer Advisors Inc. raised its position in Toll Brothers by 34.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company's stock worth $241,380,000 after purchasing an additional 541,140 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in Toll Brothers by 81.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company's stock worth $110,993,000 after buying an additional 431,160 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Toll Brothers in the 3rd quarter valued at about $38,985,000. Institutional investors own 91.76% of the company's stock.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 11,140 shares of the company's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares of the company's stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Christine Garvey sold 204 shares of the business's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the sale, the director now directly owns 7,728 shares of the company's stock, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,202 shares of company stock worth $1,947,436. Corporate insiders own 1.54% of the company's stock.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $168.00 to $164.00 in a research report on Tuesday, December 10th. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. JPMorgan Chase & Co. restated a "neutral" rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Citigroup dropped their price target on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Finally, Evercore ISI lifted their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $156.64.

Toll Brothers Stock Up 0.8 %

Shares of TOL traded up $1.09 during trading hours on Friday, hitting $135.40. The company had a trading volume of 1,416,842 shares, compared to its average volume of 1,319,020. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $13.55 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 0.94 and a beta of 1.74. Toll Brothers, Inc. has a one year low of $95.46 and a one year high of $169.52. The company's fifty day moving average price is $141.28 and its two-hundred day moving average price is $141.07.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping analysts' consensus estimates of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company's revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.11 earnings per share. As a group, equities analysts forecast that Toll Brothers, Inc. will post 14.25 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.68%. Toll Brothers's payout ratio is 6.12%.

Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.